Two options, one is to buy in the bank, the second is to buy in the stock trading software of the securities company.
One, the bank to buy: in the bank to buy need a large amount of starting capital, with 1 million or 500,000 shares of the fund's net value for the stock to exchange for fund shares. That is, a package of shares in exchange for the fund, when you redeem the time to change back to a package of shares rather than cash.
Two, in the trading software to buy is very simple, and buy stocks, the minimum buy a hundred shares of the etf fund, sell the time and the cost of the same as the stock exchange. Monday through Friday 9:30-11:30 a.m. and 1:00-3:00 p.m., through any securities company commissioned to place orders. The trading unit is 1 lot, i.e. 100 fund units, and the number of purchase and sale declarations is 100 shares or an integral multiple thereof.
Expanded Information:
Introduction of the advantages of traded open-ended index funds:
I. Diversification and reduction of investment risk
Passive portfolios usually contain a greater number of underlying than general active portfolios, the increase in the number of underlying can reduce the fluctuations of a single underlying the impact on the overall portfolio, and at the same time through the At the same time, it can reduce the volatility of the portfolio by taking advantage of the different impact of different underlying on market risk.
Both stock and index fund features
(1) For ordinary investors, ETFs can also be bought and sold in the secondary market of the stock exchange after being split into smaller trading units, just like ordinary stocks.
(2) ETFs make money when they earn the index, so investors no longer need to study stocks and worry about stepping on landmine stocks; (Before 2010, there was no shorting mechanism in China's securities market, so there was a situation in which "you have to lose money if the index falls".) In April 2010, stock index futures were opened, and from December 5, 2011, there were seven ETFs included in the ETFs, which are now available in the market. The ETFs have been included in the scope of the underlying securities financing)
Baidu Encyclopedia - Traded Open-Ended Index Funds